Big names sign as tenants to refurbished office scheme

Global engineering and development consultancy Mott Macdonald and software and professional services company SDL have signed up as tenants to a refurbished office scheme in Sheffield.

The deals Mott Macdonald take the third (part) and fourth floors at Derwent House, totalling 16,400 sq ft, while SDL has signed for the first and second floors, totalling 19,600 sq ft.

These two deals represent 90% of the vacancy which was in place when Claymore acquired the building in April 2016. They follow a comprehensive refurbishment to update and modernise the seven-storey office block.

There is 4,400 sq ft on the fourth floor which remains available to let.

Neal Shegog from Claymore Group said: “Our early success at Derwent House underpins our belief in the second tier regional office markets, which have seen restricted development and loss of older stock to alternative uses in recent years, leading to limited options for national occupiers aiming to upgrade their accommodation and therefore rental growth. We are delighted to welcome tenants of the calibre of Mott Macdonald and SDL to the building.”

Derwent House is already home to international companies such as Bluestone Credit Management, Withers & Rodgers and RSI.

BNP Paribas Real Estate and CPP are instructed to market the remaining 4,400 sq ft suite at a quoting rent of £17.75 per sq ft.

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